At the existing market value, Zomato’s whole ESOP plan ends up being worth Rs 330.17 crore.
Zomato’s supply choices given will can being worked out within (a) one decade from the day of vesting of choices, or (b) 12 years from the day of listing, whichever is later on under ESOP 2014 and ESOP 2021.
Food distribution system Zomato has actually authorized an overall give of 12 million supply choices to the qualified staff members, under the Foodie Bay Employee Stock Option Plan 2014 (ESOP 2014) and the Zomato Employee Stock Option Plan 2021 (ESOP 2021).
“We wish to inform that Nomination and Remuneration Committee of the Company by way of circular resolution today, on October 2, 2024 has approved a total grant of 1,19,97,768 stock options under Foodie Bay Employee Stock Option Plan 2014 (ESOP 2014) and Zomato Employee Stock Option Plan 2021 (ESOP 2021) to the eligible employees,” Zomato stated in a BSE declaring on October 2.
Each supply choice is exchangeable right into one totally compensated equity share having stated value of Rs 1 each, it stated.
“Stock Options granted shall be capable of being exercised within (a) 10 years from the date of vesting of options, or (b) 12 years from the date of listing, whichever is later under ESOP 2014 and ESOP 2021,” Zomato mentioned.
Zomato’s shares on Friday leapt 2.38 percent or Rs 6.40 to shut at Rs 275.2 each on the BSE. At the existing cost, the whole ESOPs plan ends up being worth Rs 330.17 crore.
